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Started By
Message
Would you do this? Move out of rental home for payment....
Posted on 6/16/16 at 4:46 pm
Posted on 6/16/16 at 4:46 pm
So the wife and I are building a home and it won’t be finished until October 31st-ish.
We are currently renting a townhome from a great landlord. He called me today and asked if we’d be interested in moving out at the end of August, 2 months AT LEAST before our home is done. He is offering to pay us $1,400 a month for 2 months plus return our security deposit ($1,400 was our rent – small townhome). So $4,200 total.
The issue is that $1,400 was a fantastic price and nowhere else with decent rates will give us a 2-3 month lease. So we’ll have to pay $2,000 a month (still only $600 out of pocket per), BUT we’ll have to pay movers twice and possibly get a storage unit if we move into a smaller studio near our workplaces.
I think I could probably come out $1,000 on top, but is it worth the hassle to completely move twice in 2 months while we both work full time? (and I am in grad school as well)
Thoughts? My wife has her eye on a badass refrigerator for the new place so this could go towards that.
We are currently renting a townhome from a great landlord. He called me today and asked if we’d be interested in moving out at the end of August, 2 months AT LEAST before our home is done. He is offering to pay us $1,400 a month for 2 months plus return our security deposit ($1,400 was our rent – small townhome). So $4,200 total.
The issue is that $1,400 was a fantastic price and nowhere else with decent rates will give us a 2-3 month lease. So we’ll have to pay $2,000 a month (still only $600 out of pocket per), BUT we’ll have to pay movers twice and possibly get a storage unit if we move into a smaller studio near our workplaces.
I think I could probably come out $1,000 on top, but is it worth the hassle to completely move twice in 2 months while we both work full time? (and I am in grad school as well)
Thoughts? My wife has her eye on a badass refrigerator for the new place so this could go towards that.
10
Posted on 6/16/16 at 4:51 pm to TheCaterpillar
Sounds like the money will be a loss when it is all said and done. The landlord should give you your security deposit back anyways unless you destroyed the property.
Posted on 6/16/16 at 4:58 pm to TheCaterpillar
Hell no
Posted on 6/16/16 at 5:04 pm to JamalSanders
Money won't be a loss. I was giving conservative estimates.
Just assume I'd be $1,000-2000 in the black when it's all done.
Is that worth the hassle of moving twice in 2 months? I can't decide.
Just assume I'd be $1,000-2000 in the black when it's all done.
Is that worth the hassle of moving twice in 2 months? I can't decide.
Posted on 6/16/16 at 5:10 pm to TheCaterpillar
quote:
Money won't be a loss. I was giving conservative estimates.
Just assume I'd be $1,000-2000 in the black when it's all done.
Is that worth the hassle of moving twice in 2 months? I can't decide.
Let's say you pocket $2k, you are your wife work 50 hours a week, and it takes you 20 hours each move in a weeks time each. That would mean you and your wife are making a combined $50/hour on the move. Is yours and your wife's time from 51-70 hours/ week worth $50/hour?
I still think you would be better off staying put.
Posted on 6/16/16 at 5:12 pm to JamalSanders
Last time we just moved my wife's employer paid for the move. We still paid for packing out of pocket, and moving still sucked, but much less than usual.
I'm inclined to stay put due to how awful moving is. The spread would have to be much greater to willingly do that.
Maybe if you could use PODs or similar for the move, so its technically half a move packing then the unpack part of the move on the back end? Taking only bare essentials for two months like camping?
I'm inclined to stay put due to how awful moving is. The spread would have to be much greater to willingly do that.
Maybe if you could use PODs or similar for the move, so its technically half a move packing then the unpack part of the move on the back end? Taking only bare essentials for two months like camping?
This post was edited on 6/16/16 at 5:15 pm
Posted on 6/16/16 at 5:15 pm to TheCaterpillar
Do you really have that much stuff to pay movers?
Get a PODS unit, have them drop it off at your current townhome and pack it up over a week. Then they can pick it up, store it for 2 months while the house is completed, and drop it off at your new place.
In the interim you can rough it with clothes, and a few other essentials.
Get a PODS unit, have them drop it off at your current townhome and pack it up over a week. Then they can pick it up, store it for 2 months while the house is completed, and drop it off at your new place.
In the interim you can rough it with clothes, and a few other essentials.
Posted on 6/16/16 at 5:16 pm to TheCaterpillar
quote:
We are currently renting a townhome from a great landlord.
I would leave.
Posted on 6/16/16 at 5:30 pm to Golfer
quote:
Get a PODS unit, have them drop it off at your current townhome and pack it up over a week. Then they can pick it up, store it for 2 months while the house is completed, and drop it off at your new place. In the interim you can rough it with clothes, and a few other essentials.
Get out of my head.
Posted on 6/16/16 at 7:37 pm to TheCaterpillar
Is the landlord selling the joint?
Posted on 6/16/16 at 8:15 pm to TheCaterpillar
Move twice in two months for 3 grand? Hell. No.
Posted on 6/16/16 at 9:02 pm to Mr.Perfect
Yeah landlord is selling the place. Starting his own business and needs the capital.
He's a great dude so I'm trying to help him out of I can.
He's a great dude so I'm trying to help him out of I can.
Posted on 6/16/16 at 9:11 pm to Mr.Perfect
Yeah landlord is selling the place. Starting his own business and needs the capital.
He's a great dude so I'm trying to help him out of I can.
He's a great dude so I'm trying to help him out of I can.
Posted on 6/16/16 at 9:25 pm to TheCaterpillar
If he's been good to you and kept rent down allowing you to save for this home , I gotta be honest. I would feel like you do, which is wanting to help him out.
I agree with loading 99% of your non essential stuff into storage like pods and not unpacking it till you get to your home.
It's not the right answer from a pure dollars and cents standpoint. But it's a small world and karma is real.
I agree with loading 99% of your non essential stuff into storage like pods and not unpacking it till you get to your home.
It's not the right answer from a pure dollars and cents standpoint. But it's a small world and karma is real.
Posted on 6/16/16 at 10:23 pm to TheCaterpillar
The $1400 security deposit return is a wash, though he may overlook any issues he'd "dock you" for if you leave now. But, let's call it a wash.
So he's offering you $2800 to move, and you'll need to find a place that cost $600 more per month, so he's really offering you $1600 to move one more time.
When does your current lease expire? And how how firm is the October 31st date for your home? If you are already rolling the dice timing that transition tightly and run the risk of having to find a one month lease somewhere at the end of October, then maybe you take his deal. That's what I'd base my decision on. The probability that construction will be complete and loan finalized before current lease expires.
So he's offering you $2800 to move, and you'll need to find a place that cost $600 more per month, so he's really offering you $1600 to move one more time.
When does your current lease expire? And how how firm is the October 31st date for your home? If you are already rolling the dice timing that transition tightly and run the risk of having to find a one month lease somewhere at the end of October, then maybe you take his deal. That's what I'd base my decision on. The probability that construction will be complete and loan finalized before current lease expires.
Posted on 6/16/16 at 10:32 pm to TheCaterpillar
Are there any hotels that would cut you a deal for 2 months?
Posted on 6/17/16 at 12:17 am to djmicrobe
Tell the landlord it is a deal if he pays for movers. He may not see that as too much more to throw in the ring.
This post was edited on 6/17/16 at 12:18 am
Posted on 6/17/16 at 12:29 am to TheCaterpillar
quote:
but is it worth the hassle to completely move twice in 2 months while we both work full time?
frick NO
Posted on 6/17/16 at 7:32 am to TheCaterpillar
quote:
Just assume I'd be $1,000-2000 in the black when it's all done.
Is that worth the hassle of moving twice in 2 months? I can't decide.
Not worth it to me. fricking hate packing and moving. Almost just move into an extended stay hotel
Posted on 6/17/16 at 7:35 am to djmicrobe
That was my thought....can you get a cheap deal at a Residence Inn type place? If so, and if you negotiate with the landlord so he'll pay for a pod, I'd be thinking hard about it. Don't think of it as moving twice....you're going to move anyway, just think of it as packing early and storing things until you can unpack again. It's an extended stay at a hotel. You can use the funds he's paying you to dine/hang out/etc more than you ordinarily would.
Can you stage the pod at your new place while the last bit of construction is being finished? Can you pay a little rent to a favorite friend or relative who has extra space and would enjoy spending time with you? Can you find a monthly rental on AirBnB?
I like disruptive, oddball curves.....they can generate fun and shift perspectives. Others can only focus on inconvenience and not being settled. Only you can decide whether this is merely "an early move" or a horrible disruption.
Can you stage the pod at your new place while the last bit of construction is being finished? Can you pay a little rent to a favorite friend or relative who has extra space and would enjoy spending time with you? Can you find a monthly rental on AirBnB?
I like disruptive, oddball curves.....they can generate fun and shift perspectives. Others can only focus on inconvenience and not being settled. Only you can decide whether this is merely "an early move" or a horrible disruption.
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